Property News. From Moving In.

Archive of: March, 2016

Data from the Halifax suggested that the average price of a flat has increased by £86,474 (£1,029 per month) since property prices were at their lowest in late 2008, prompting some to say the surge of interest in buy to let lies behind the increase.

The new stamp duty surcharge on buy to let properties coming into effect next Friday will increase rent costs for tenants and trigger a decline in the supply of available properties claims the Association of Residential Letting Agents.

HM Revenue & Customs and the Treasury have at last responded to the legal team representing two landlords challenging beleaguered Chancellor George Osborne’s bid to cut buy to let mortgage interest tax relief – but the comments cannot be made public.

Councils and other bodies advising tenants to ignore valid Section 21 notices and waiting to be evicted by bailiffs are costing landlords dearly, according to the Association of Independent Inventory Clerks.